AMD wasn't the only one to suffer the effects of a sluggish PC market last quarter, but Intel weathered the storm quite a bit better than its rival. The chip giant posted its third-quarter results earlier this afternoon, revealing decreases in revenue and net income of about 5% and 14%, respectively, compared to the year before. Unlike AMD, however, Intel didn't see a dramatic sequential decline; its revenue growth was flat compared to the previous quarter, and it actually posted slightly higher net income.
|Q3 2011||Q2 2012||Q3 2012|
|Revenue||$14.2 billion||$13.5 billion||$13.5 billion|
|Net income||$3.5 billion||$2.8 billion||$3.0 billion|
Intel CEO Paul Otellini comments in the earnings release, "Our third-quarter results reflected a continuing tough economic environment." However, he adds on an optimistic note, "The world of computing is in the midst of a period of breakthrough innovation and creativity. As we look to the fourth quarter, we're pleased with the continued progress in Ultrabooks and phones and excited about the range of Intel-based tablets coming to market."
The official Q4 forecast seems a tad less optimistic. Intel expects revenue of $13.6 billion "plus or minus $500 million" this quarter, which leaves room for a pretty decent quarter-to-quarter slump. Gross margin is expected to fall to 55-59%, as well. For reference, Intel posted revenue of $13.9 billion with a gross margin of 64.5% for the fourth quarter of 2011. That was down from $14.2 billion and 63.4% the quarter before.
|In the lab: Asus' ROG Strix Z270E Gaming motherboard||8|
|Steam client lets users move games and use Xbox controllers||0|
|Samsung Galaxy S8 phones won't appear at MWC||2|
|Xiaomi exec Hugo Barra leaves Chinese handheld maker||3|
|Samsung details the cause of Note 7 battery fires||21|
|Mushkin enters the keyboard market with the Carbon KB-001||32|
|Report: PC gaming hardware market expands to an all-time high||45|
|Asus ROG Maximus IX Formula chills with an EKWB waterblock||4|
|Asus Tinker Board gives the Raspberry Pi 3 a run for its money||49|
|Face it. We all know the success of PC Gaming is because of the invention of the RGB LED.||+50|